New Delhi: Finance Minister Nirmala Sitharaman on Sunday rejected criticism over the slide of the Indian rupee, saying it has depreciated only against a strengthening US dollar but remained stable against all other currencies because of the strong macroeconomic fundamentals. In an interview with PTI, she said a 3 per cent depreciation in the rupee…
New Delhi: Intact capital allocation and simplified customs duty in the Union Budget 2025 will boost the infrastructure sector and electronics manufacturing ecosystem for long-term growth, IT Minister Ashwini Vaishnaw said on Saturday. In an interview to PTI, Vaishnaw said the budget has met capital requirements for the development and at the same time provided…
Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance “The Union Budget has focussed on driving consumption-led growth and fostering inclusive development. A key highlight is the increase in the FDI limit in the insurance sector from 74% to 100%, a move set to bring in fresh capital and bolster the industry’s financial strength. The…
New Delhi: Prime Minister Narendra Modi on Saturday lauded the Union Budget, presented by Finance Minister Nirmala Sitharaman, as a “people’s budget” that puts more money in the hands of people and said it is a force-multiplier that will increase investments and lead to growth. In televised remarks on the Budget, Modi said the government…
New Delhi: To boost regional connectivity, the government on Saturday announced a modified UDAN scheme to connect 120 new destinations that will help carry 4 crore passengers in the next 10 years. Presenting the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman also said greenfield airports will be facilitated in Bihar. Ude Desh ka Aam…
New Delhi: Stocks related to agriculture surged up to 13 per cent on Saturday after Finance Minister Nirmala Sitharaman announced PM Dhan-Dhaanya Krishi Yojana, covering 100 districts with low yields, modern crop intensity and below-average credit parameters. The scrip of Kaveri Seed Co soared 13.49 percent to Rs 1,020.70 apiece, Mangalam Seeds climbed 7.09 percent…
New Delhi: Taking a swipe at the Centre over the Union Budget, the Congress on Saturday said while Finance Minister Nirmala Sitharaman spoke of four engines of development, the Budget was “completely derailed”. In her Saturday budget speech, Sitharaman said agriculture, MSME, investments and exports are the four power engines of development. Congress general secretary…
New Delhi: The Union Budget 2025 has unveiled a bold roadmap for India’s startup ecosystem, deep tech sector, artificial intelligence, and emerging technologies. With a strong push for innovation, private sector collaboration, and digital infrastructure, the government has reaffirmed its vision to position India as a global technology powerhouse. A key highlight is the ₹20,000…
New Delhi: Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to the middle class by raising exemption limits and rejigging slabs. For salaried employees, this nil tax limit will be Rs 12.75 lakh…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday made history as she presented a record eighth consecutive budget, which comes in the backdrop of a slowdown in the economy and demand for tax cuts for the middle class. This will take Sitharaman closer to the record of 10 budgets that were presented by former Prime…
